LOS ANGELES—Billionaire real estate mogul Rick Caruso officially entered the LA mayoral race on Friday, hours before the city clerk’s declaration of intent deadline on Feb. 12.
Caruso, 63, was joined by longtime political advisor Peter Ragone on Friday afternoon at the election office. Ragone has a long history of advising influential Democratic candidates nationwide—including Gov. Gavin Newsom in 2004 and presidential candidate Al Gore in 2001.